RLRalph Lauren Corporation

$376.72+17% 1Y

The business

How RL's business earns

Ralph Lauren Corporation earns 50% on the capital it employs against an estimated 9.0% cost of capital.

50%

Return on invested capital · cost of capital 9.0% · 41 points above the estimated cost of capital

Operating margin
16%

Operating margin · Apparel Manufacturing median 7.3% · 12 months to Sep 26, 2026

Cash conversion
1.44×

Cash conversion · 1.28× a year ago · operating cash flow divided by operating profit after tax

Share count, year on year
−2.4%

Share count, year on year · fewer shares than a year ago

Operating margin by fiscal year
Operating margin by fiscal year
YearOperating margin
FY2021−0.99%
FY202213%
FY202311%
FY202411%
FY202513%
FY202615%
Details›
Gross margin12 months to Sep 26, 2026
72%
Operating margin12 months to Sep 26, 2026
16%
Net margin12 months to Sep 26, 2026
13%
Free cash flow margin
15%
Revenue, trailing twelve months
$8.54B
Free cash flow, trailing twelve months
$1.30B
Net income, trailing twelve months
$1.07B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
50%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Customers and suppliers

Who buys from RL and who it buys from, as the companies report it.

Customerswho buys
  • Three largest wholesale customers
    11%

    Combined share of revenue · FY2026 10-K

Supplierswho it buys from

None disclosed.

Across 3,049 annual reports, 267 companies get a quarter of their revenue from one customer: our study ›
Ralph Lauren (RL) Customers, Suppliers and Margins · Ryufin